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Calculate Value of Goodwill on the Basis of Three Years' Purchase of Average Profit of the Preceding Five Years Which Were as Follows: - Accountancy

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प्रश्न

Calculate value of goodwill on the basis of three years' purchase of average profit of the preceding five years which were as follows:

Year 2018-19 2017-18 2016-17 2015-16 2014-15
Profits (₹) 8,00,000 15,00,000 18,00,000 4,00,000
(Loss)
13,00,000
योग
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उत्तर

Goodwill = Average Profit x Number's of year's purchase

Average Profit = `"Total Profits for past given years"/"Number of Years"`

= `[8,00,000 + 15,00,000 + 18,00,000 - 4,00,000 + 13,00,000]/5`

= `[50,00,000]/5`

= Rs. 10,00,000

Number of years’ purchase = 3

∴ Goodwill = 10,00,000 x 3 = Rs. 30,00,000.

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अध्याय 3: Goodwill: Nature and Valuation - Exercises [पृष्ठ २८]

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टीएस ग्रेवाल Accountancy - Double Entry Book Keeping Volume 1 [English] Class 12
अध्याय 3 Goodwill: Nature and Valuation
Exercises | Q 3 | पृष्ठ २८
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